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2021-03-25-accounts

CONTENTS
	Page
Reference and administrative details of the charity, its trustees and advisers	1-2
Trustees' report	3-5
Independent examiner's report	6
Statement of financial activities	7
Balance sheet	8
Notes to the financial statements	9-16
The following pages do not form part of the statutory financial statements:
Detailed income and expenditure account and summaries	17-18

		Unrestricted	Endowment	Total	Total
		funds funds		funds	funds
	2021 2021 Note £ £			2021£	2020 £
INCOME AND ENDOWMENTS FROIVI:
investments	2	8,331	175,536	183,867	172,688
TOTAL INCOME AND ENDOWMENTS		8,331	175,536	183,867	172,688
EXPENDITURE ON:
Raising funds Charitable activities:	3		2,572	2,572	4,861
Governance costs Support Costs Other charitable activities	46 5	10,442	1,572 19,772 36,903	1,572 19,772 47,345	1,572 21.426 45.318
TOTAL EXPENDITURE		10,442	60,819	71,261	73,177
NET INCOME / (EXPENDITURE) BEFORE INVESTMENT GAINS Net gains on investments	9	(2,111) 32,594	114,717 600,771	112,60S 633,365	99.511 20.327
NET INCOME AFTER INVESTMENT GAINS		30,483	715,488	745,971	119,838
Transfers between Funds	13	75,000	(75,000)
NET INCOME BEFORE OTHER
RECOGNISED GAINS AND LOSSES		105,483	640,488	745,971	119,838
NET MOVEMENT IN FUNDS		105,483	640,488	745,971	119,838
RECONCILIATION OF FUNDS:
Total funds brought forward		177,066 5,517,260 5,694,326 5,574,488
TOTAL FUNDS CARRIED FORWARD		282,549 6,157,748 6,440,297 5,694,326

			2021		2020
	Note	£	£	£	£
FIXED ASSETS
Investments	9		6,269,353		4,435,988
CURRENT ASSETS
Debtors	10	29,673		506,026
Cash at bank and in hand		147,974		755,884
		177,647		1,261,910
CREDITORS: amounts falling due within
one year	11	(6,703)		(3,572)
NET CURRENT ASSETS			170,944		1,258,338
NET ASSETS			6,440,297		5,694,326
CHARITY FUNDS
Endowment funds	13		6,157,748		5.517,260
Unrestricted funds	13		282,549		177,066
TOTAL FUND?,I			6,440,297		5,694,326
^:.? Tl^,e financia^^teh^nts were approved by the Trustees x\^.^		on ^ ^•)>\\ V.'3 2. \ and signed on their behalf, by:
BocfurN-G~ffluffif6rd, ChaTrman—3

INVESTMENT INCOME
	Designated
	Chorister Endowment	Total	Total
	Fund funds	funds	funds
	2021 2021 £ £	2021 £	2020£
Income from UK Investment properties M & G Securities Bank Interest receivable	8,331 33,463 141,965 108	33,463 150,296 108	33,129 139,273 286
	8,331 175,536	183,867	172.688
Total 2020	10,355 162.333	172,688

		Designated
		Chorister Endowment	Total	Total
		Fund funds	funds	funds
		2021 2021 £ £	2021£	2020£
	Rent collection Insurance Legal fees	2,044 528	2,044 528	1.979 527 2,355
		2,572	2,572	4.B61
	Total 2020	4,861	4,861
4.	GOVERNANCE COSTS
		Designated
		Chorister Endowment	Total	Total
		Fund funds	funds	funds
		2021 2021 £ £	2021£	2020£
	Independent Examiner's Fees	1,572	1,572	1,572
5.	ANALYSIS OF GRANTS

ANALYSIS OF GRANTS
	Grants to Grants to
	Institutions Individuals		Total	Total
	2021 2021 £ £		2021£	2020 £
Grants to individuals Moieties Refunds Centre 33 Coronavirus support grant King's School choristers	15,119 11,000 (6,216) 10,442 17,000		15,119 11,000 (6,216) 17,000 10,442	22,308 10,750 (1,158) 1,125 12.293
	10,442 36,903		47,345	45,318
		==
Tote/ 2020	13,418 31,900		45,318

SUPPORT COSTS
	Endowment
	Funds	Total	Total
	2021 £	2021£	2020 £
Secretarial expenses Administrative lunches	18,700 17	18,700 17	19,737 729
Website costs	89	89
Bibles	500	500	3
Printing and stationery including Graphic
Design work	459	459	957
Bank charges	7	7
	19,772	19,772	21,426
Total 2020	21,426	21,426

DEBTORS
	2021£	2020 £
Trade debtors	10,483	16,135
Other debtors	19,190	489,891
	29,673	506,026
REDITORS: Amounts falling due within one year
	2021£	2020 £
Accruals and deferred income	6,703	3,572
NANCIAL INSTRUMENTS
	2021£	2020£
Financial assets measured at fair value through income and
expenditure	6,269,353	4,435,988
Financial assets measured at amortised cost	29,673	506,026
	6,299,026	4,942,014

	Balance at 26 March			Transfers Gains/	Transfers Gains/	Balance at 25 March
	2020 £	Income Expenditure in/out (Losses) £ £ £ £				2021£
Endowment funds
Endowment Fund	5,517,260	175,536	(60,819)	(75,000) 600,771 6,157,748
Unrestricted funds
Designated Chorister
Fund Designated Emergency	177,066	8,331	(10,442)		32,594	207,549
operating Fund				75,000		75,000
	177,066	8,331	(10,442)	75,000	32,594	282,549
Total of funds	5,694,326	183,867	(71,261)		633,365 6,440,297
STATEMENT OF FUNDS -	PRIOR YEAR
		Balance ai				Balance at
		26 March			Gains/	25 March
		2019 £	Income Expenditure £ £		(Losses)£	2020£
Endowment Fund		5.352,346	162,333	(60,884)	63,465 5,517,260
Unrestricted funds
Designated Chorister Fund		222,142	10,355	(12,293) (43,138) 177,066
Total of funds	5,574,488		172,688	03,177)	20,327 5,694,326

	Unrestricted Endowment	Total
	funds funds	funds
	2021 2021 £ £	2021£
Fixed asset investments Current assets Creditors due within one year	187,000 95,549 6,082,353 82,098 (6,703)	6,269,353 177,647 (6,703)
	282,549 6,157,748 6,440,297

	Unrestricted	Endowment	Total
	funds	funds	funds
	2020	2020	2020
	£	£	£
Fixed asset investments Current assets Creditors due within one year	154,408 22,658	4,281,580 1,239,252 (3,572)	4,435,988 1,261,909 (3,672}
	^77,066	5,517,260	5,694,325

		2021		2020
		£		£
INVESTMENT INCOME
Charity investment income - listed
investments
Endowment Fund - Charifund Income Chorister Fund - Charifund Income	141,965 8,331		128,918 10.355
Interest received	108		286
Rental income	33,463		33,129
TOTAL INVESTMENT INCOME		183,867		172,688
LESS: INVESTMENT EXPENDITURE
Rent collection charges Insurance	2,044 528		1,979 528
Legal and professional fees			2,355
TOTAL INVESTMENT EXPENDITURE		2,572		4,862
NET INCOME FROM CHARITABLE
SOURCES		181,295		167,826

		2021		2020
		£		£
NET INCOME FROM CHARITABLE SOURCES (brought forward)		181,295		167,826
CHARITABLE ACTIVITIES
Grants
Grants to individuals Moieties Covid-19 Support grants	15,119 11,000 17,000		22,308 10,750
Centre 33 Kings School Chorister Grants cancelled and returned cheques	10,442 (6,216)		1.125 12,293 (1,158)
Governance costs Independent examination	1,572	47,345	1,572	45,318
Support costs		1,572		1,572
Secretarial expenses Administrative lunches	18,700 17		1Q.737 728
Website costs	89
Bibtes	500		3
Printing, advertising and graphic design costs	459		957
Bank charges	7
		19,772		21,425
TOTAL CHARITABLE ACTIVITIES		68,689		68,315
NET INCOIVIE FOR THE YEAR		112,606		99.511